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The type of mark up that takes the company total costs into account is COST BASED MARK UP.
In cost based mark up, the producer based the price of a product on its costs of production. The producer calculate the cost of production of the product an add a pre-determined profit margin to it. This ensures that a certain amount of profit is made per unit sold.
Answer: Option (B) is correct.
Explanation:
Inferior good is a good whose demand is inversely related with the consumers income. This means that if there is an increase in the income of the consumer then as a result demand for normal good increases but demand for inferior goods decreases.
On the other hand, if there is a decrease in the income of the consumer then as a result demand for normal good decreases but demand for inferior goods increases.
Hence, decrease in consumer incomes will increase the demand of product Y and the demand curve for product Y to the right.
Companies required to perform payroll withholding for them to be able to make sure that their employees pay correct taxes. This is also to avoid later issues that may occur against them if BIR will know that they have employees who were not paying taxes.
